Swala Oil and Gas (Tanzania) Public Limited Company (SWALA) — FY 2020
Earnings report for Swala Oil and Gas (Tanzania) Public Limited Company (SWALA) for FY 2020 (iliyotolewa 1 Dec 2021). Key highlights and the PDF statement below.
Market: Closed
DSE (Dar es Salaam)
Highlights
- Consolidated net profit for the year was US$ 2,949,539 (compared to a loss of US$ 6,402,822 in 2019).
- Consolidated basic earnings per share was US$ 0.028 (compared to a loss per share of US$ 0.060 in 2019).
- Consolidated total assets increased to US$ 18,471,057 as at 31 December 2020 (from US$ 7,591,832 in 2019).
- Consolidated net cash generated from operating activities was US$ 7,449 (compared to a utilization of US$ 6,321,360 in 2019).
- Group's liabilities exceeded its assets by US$ 24.89 million as at reporting date.
- A reversal of impairment loss amounting to US$ 11,255,112 significantly contributed to the profit.